Rasa (TSE:3023) Cyclically Adjusted Revenue per Share: 円2,784.44 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:3023 Rasa Corp TSE:3023
65 GF Score
Price 円1,937.00
GF Value 円1,682.13
Valuation Modestly Overvalued
View Full Analysis

What is Rasa Cyclically Adjusted Revenue per Share?

Rasa TSE:3023 +0.10% 65 Cyclically Adjusted Revenue per Share is 円2,784.44 as of Mar. 2026. GuruFocus rates TSE:3023 with a GF Score™ of 65/100 and a GF Value™ of 円1,682.13 (Modestly Overvalued).

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

Rasa's adjusted revenue per share for the three months ended in Mar. 2026 was 円740.456. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is 円2,784.44 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Rasa's average Cyclically Adjusted Revenue Growth Rate was -0.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 1.60% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Rasa was 2.40% per year. The lowest was 1.20% per year. And the median was 2.30% per year.

As of today (2026-08-08), Rasa's current stock price is 円1937.00. Rasa's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was 円2,784.44. Rasa's Cyclically Adjusted PS Ratio of today is 0.70.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Rasa was 0.85. The lowest was 0.28. And the median was 0.40.


Rasa  (TSE:3023) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Rasa's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=1937.00/2784.44
=0.70

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Rasa was 0.85. The lowest was 0.28. And the median was 0.40.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Rasa Cyclically Adjusted Revenue per Share Related Terms


Rasa Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Rasa's Cyclically Adjusted Revenue per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Rasa Cyclically Adjusted Revenue per Share Chart

Rasa Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,595.63 2,656.30 2,723.33 2,786.96 2,784.44

Rasa Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,786.96 0.00 0.00 0.00 2,784.44

Rasa Cyclically Adjusted Revenue per Share Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Rasa's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Rasa Cyclically Adjusted PS Ratio vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Rasa's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Rasa's Cyclically Adjusted PS Ratio falls into.


TSE:3023
65GF Score
Rasa Corp TSE:3023
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Rasa Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Rasa's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=740.456/112.7000*112.7000
=740.456

Current CPI (Mar. 2026) = 112.7000.

Rasa Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 771.319 97.900 887.923
201606 569.053 98.100 653.744
201609 553.548 98.000 636.580
201612 677.839 98.400 776.346
201703 842.700 98.100 968.117
201706 561.247 98.500 642.158
201709 677.763 98.800 773.116
201712 623.340 99.400 706.745
201803 685.918 99.200 779.264
201806 553.028 99.200 628.289
201809 628.510 99.900 709.040
201812 657.994 99.700 743.791
201903 783.874 99.700 886.084
201906 548.395 99.800 619.280
201909 632.889 100.100 712.553
201912 555.489 100.500 622.921
202003 778.377 100.300 874.607
202006 512.342 99.900 577.987
202009 473.295 99.900 533.937
202012 600.757 99.300 681.826
202103 712.308 99.900 803.575
202106 635.676 99.500 720.007
202109 654.511 100.100 736.897
202112 617.078 100.100 694.752
202203 787.133 101.100 877.447
202206 571.429 101.800 632.613
202209 593.532 103.100 648.798
202212 656.208 104.100 710.419
202303 732.676 104.400 790.925
202306 588.177 105.200 630.110
202309 585.249 106.200 621.069
202312 598.489 106.800 631.552
202403 714.311 107.200 750.959
202406 507.227 108.200 528.322
202409 565.265 108.900 584.990
202503 0.000 111.100 0.000
202506 740.750 111.700 747.382
202509 641.525 112.000 645.535
202512 716.156 113.000 714.255
202603 740.456 112.700 740.456

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of 円2,784.44 mean?
Rasa (TSE:3023) has a Cyclically Adjusted Revenue per Share of 円2,784.44 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Rasa and its competitors.
Is Rasa's Cyclically Adjusted Revenue per Share too high?
Rasa's current Cyclically Adjusted Revenue per Share is 円2,784.44. Overall, Rasa has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Rasa's Cyclically Adjusted Revenue per Share compare to competitors?
Rasa's Cyclically Adjusted Revenue per Share of 円2,784.44 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Metals & Mining company?
A good Cyclically Adjusted Revenue per Share depends on the Metals & Mining industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Rasa and its competitors. Rasa's current Cyclically Adjusted Revenue per Share is 円2,784.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rasa stock overvalued right now?
Based on GuruFocus' analysis, Rasa (TSE:3023) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,682.13, compared to a current price of 円1,937.00 — trading 15.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is 円2,784.44. Rasa's overall GF Score™ is 65/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Rasa (TSE:3023), the current Cyclically Adjusted Revenue per Share is 円2,784.44 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Rasa (TSE:3023) Overvalued in 2026?

Based on GuruFocus' analysis, Rasa stock appears to be overvalued. The current stock price of 円1,937.00 is trading 15.2% above its estimated GF Value™ of 円1,682.13. GuruFocus considers Rasa to be Modestly Overvalued.

Key valuation signals for TSE:3023:

  • Cyclically Adjusted Revenue per Share: 円2,784.44
  • GF Value™: 円1,682.13 vs. price of 円1,937.00 (15.2% above fair value)
  • GF Score™: 65/100

No single metric tells the full story. See the TSE:3023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Rasa Business Description

Address RASA Nihonbashi Bldg, 11-5, Nihonbashi-Kakigara-cho 1-chome, Chuo-ku, Tokyo, JPN, 103-0014
Rasa Corp is engaged in the business of resource mining which includes zircon sand, industrial machinery construction, environmental equipment manufacturing, plant and equipment construction, chemical business, and real estate leasing.
65GF Score

Get the complete analysis for TSE:3023

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円1,937.00
Price
円1,682.13
GF Value